International organizations offer optimistic judgments on Vietnam's economy

Friday, 02 October 2015
International organizations and institutions have made optimistic assessments of Viet Nam’s economy in their reports released in September, 2015.

The Asian Development Bank (ADB) gave out positive judgments on Viet Nam’s economy, raising its economic growth forecast to 6.5% in 2015 and 6.6% in 2016 recognizing the nation’s efforts in expanding production and attracting foreign investment.

The ADB evaluated that credit growth may exceed the Government’s criteria.

Illustrative Photo

The UK’s Financial Times on September 22 stated that Viet Nam’s economy is recovering and integrating in to the regional value chain. Viet Nam is one of few nations showing the double digit growth in the export turnover.

The Japanese businesses highly valued the development potentials of Viet Nam, identifying Viet Nam as an attractive destination for investment in Southeast Asia.

The Progressive Policy Institute (PPI) ranked Viet Nam first among other nations in Southeast Asia in terms of mobile application and suggested Viet Nam issue suitable policies on developing technology, training human resources in information technology and investing in new products.

Economists at Harvard University revealed that Viet Nam will be affected by China’s economic slowdown, proposing the nation diversify the economic sectors, take advantage of the Trans-Pacific Partnership Agreement, accelerate the reform of State-owned-enterprises and focus on promoting the private sector./.

Van Hai (Source: VGP News)

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